Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (3323)	8/31/1998 7:22:00 PM
From: GROUND ZERO™	Read Replies (4) \| Respond to of 5676

Hi BB and all, I got back just recently and had a magnificent time. Hey, what have you guys done to this market??? Well, maybe a good test of 6800 with a significant low made late October.....then I might start picking a few good stocks for the next bull market. If 6800 doesn't hold, how about 6250??? GZ

To: bobby beara who wrote (3323)	8/31/1998 8:54:00 PM
From: Thomas C (Hijacked)	Read Replies (1) \| Respond to of 5676

BB, yes kinda scary about South Sea Bubble comparison. But I can tell you I am counting on 2 things now. Carolan's Lunar turning point and a possible 4 Billion share day. If this is going to be a panic rally which I do not believe we are fully in yet (a.k.a. the smart money is only coming out now) then I think we need a 4 Billion share day to mark one of the final bottoms. But BB, as far as no one having a handle on the future. I would really focus closely on that Sept 15th date. The folks at Princeton www.pei-intl.com so far seem to be the BRIGHTEST in this business. tc

To: bobby beara who wrote (3323)	9/1/1998 8:26:00 AM
From: Arik T.G.	Read Replies (1) \| Respond to of 5676

BB, >>... nobody has a handle on the future. So what are we doing here? I promised not to gloat, but this doesn't mean I have to be humble. >>The down momentum now is much quicker and deeper than 29 or 87 or any other correction in this century. I agree (but have some reservations against using the term "correction" for the period '29-'32). The 1st leg down from the top was bigger and faster then '29. Now that the crash phase have begun, I, too, am astounded by the magnitude of the decline. Wave 1 of 3 of 1 completed yesterday a 13.9% decline in the OEX, 13.5% in the SPX in 4 trading sessions. The 3 of 3 of 1 should move us to uncharted waters, and after a BIG 3 days jump, the 5 of 3 of 1 may take us to Dow 5300! and I'm not talking years from now, this could happen before the coming triple expiration day! >>Prechter compared this bubble to the South Sea Bubble, OUCH. And this guy called the '82-'93 bull market before it began! So what was that you said about nobody having a handle on the future? >I see a one day wonder before the down leg continues IMO 2 of 3 of 1 starting today could be a classic .31 retrace, that's 495 on the OEX - a 5% correction in a day and a half. As te battle on 500 was fought and lost yesterday, I believe the market will turn south before reaching this level. OTOH, the grossly oversold situation (and the Fear that exposed itself yesterday- opposite the complacency of last week) call for a nice rally. So I'd say 484 minimum 496 maximum one to two days rally. ATG